NEW YORK/WASHINGTON--A group of prominent Democratic Party fundraisers on Friday began circulating a letter to encourage a hesitant Vice President Joe Biden to enter the 2016 race for U.S. president. The letter, signed by nearly 50 people, calls the Obama-Biden administration a "spectacular success." It cites job creation, a lower unemployment rate, new health insurance policies for nearly 9 million Americans and the end of wars in Iraq and Afghanistan. "To finish the job, America needs a leader who is respected both home and abroad, and who understands the real challenges facing American families. In our opinion, the next president must be Joe Biden. If he announces he's running, we're all in. It's a campaign we know he will win," the letter says. The signers are donors, Democratic activists and friends of Biden who have yet to throw their full support behind Hillary Clinton, the presumptive front-runner for the Democratic nomination to the November 2016 election. Their call is the most provocative yet for Biden to take her on and suggests a broad network backing the vice president is beginning to take shape. The letter makes no mention of Clinton. John Maa, a member of the Democratic National Committee's national finance committee who is among the signers, said he was contacted this week by another finance committee member to see if he would support Biden financially. Maa replied he would be happy to raise funds for Biden but that donors were becoming impatient. "Time is precious," Maa said. "I know many people who will gladly contribute, and I will absolutely try to organize," he said. The letter's significance goes beyond a simple declaration of support. It appears aimed at pressuring Biden to decide soon. "We are ready if he's ready," they write. Jon Cooper, the finance chairman of Draft Biden, a political action committee formed to advocate for Biden's entry into the race, said Biden has further support. "For everyone who signed that letter, there are at least one or two more ready to commit to him the moment he says he's running," said Cooper, a Long Island, New York, businessman who raised funds for President Barack Obama's reelection campaign in 2012. The fundraisers who initiated the letter consulted Draft Biden in preparing their appeal. Cooper said the effort gained momentum after Biden's emotional interview with talk show host Stephen Colbert last week. "That really galvanized folks around the country," he said.